Reference no: EM132235573
Assignment: Business policy helps guide strategy implementation from a control perspective, but it can also enable innovation. Policy must be carefully developed so to empower employees, but must also be stringent enough to set boundaries and enforce expectations. To understand the central significance of the relationship between policy and strategy to top managers and their organizations, you must gain an understanding of how environments, external and internal, affect the functioning of an organization. You must develop an ability to evaluate environment so as to detect opportunities and threats in it to which alert managers must respond. It means an understanding of the processes through which managers can best determine those missions and objectives their organizations should seek; it means the ability to formulate and evaluate the best policies and strategies to achieve these ends, and the methods to assure that policies and strategies are implemented. This is an important strategic leadership and management ability that you must demonstrate and continuously hone throughout your career. To demonstrate your abilities, you will compose a basic policy manual to provide guidance and support for your Capsim Core simulation company strategy and implementation plan. This manual should be detailed and should effectively demonstrate your unique ability to compose business policies and procedures. Use the following checklist to develop your policy manual:
1. Develop a professionally formatted policy manual to support your Capsim Core simulation company's chosen department (Research and Development, Marketing, Production, or Finance) strategy and implementation plan.
2. It is up to you to decide what policies and procedures are needed to support and enforce your Capsim Core simulation company strategy and implementation plan. At minimum, you should compose five policies to help support and enforce your strategy and implementation plan.
3. Review Chapter 6 in "Writing Exceptional Policies and Procedures" by Page (2009), and Chapter 6 in "How to Develop Essential HR Policies and Procedures" by McConnell (2005) found in the library. Each Policy you compose should contain components such as the following. Be thorough and detailed in the composition of your policy manual.
• Purpose
• Persons Affected (Scope)
• Policy Statement
• Responsibilities
• Procedures
• Forms
• References
• Document Approvals
4. Explain how your policies affect the performance of the organization.
5. In the overview section your policy manual, illustrate the connection between policies that provide safeguards and policies that encourage innovation in relation to the strategy and implementation plan goals and objectives.
6. Compose policies that align all levels of the business strategy hierarchy to facilitate a seamless implementation plan. Ensure that the purpose, scope, policies, and procedures are aligned with the goals and objectives of each level of strategy.
7. Use a minimum of three peer-reviewed research resources to substantiate your strategic decision-making.
8. Your policies should be written using "Active" voice.
9. Your grammar and spelling must be perfect in a policy manual.